Essayer OR - Gratuit
Nestle's new CEO faces full plate of problems
Financial Express Lucknow
|September 03, 2025
THE ABRUPT DISMISSAL of Nestle CEO Laurent Freixe has catapulted Philipp Navratil into the top job overnight, tasking him with reversing a prolonged share price decline and reigniting sluggish sales at the world's largest consumer goods company.
Nestle, the maker of products from KitKat chocolate to Nesquik, fired Freixe on Monday for failing to disclose a romantic relationship with a subordinate. The board appointed Nespresso chief Navratil as his successor with immediate effect.
Navratil, a 49-year-old Swiss and Austrian citizen, is a Nestle veteran. He joined the firm in 2001 after a business degree and rose through the ranks, spending many years in Latin America and being made head of Nestle Nespresso last year.
He joined the Nestle executive board on January 1 this year.
Cette histoire est tirée de l'édition September 03, 2025 de Financial Express Lucknow.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Financial Express Lucknow
Financial Express Lucknow
NHAI will raise ₹9,270-cr via TOT; IRB Infra wins bid
IN THE FIRST highway monetisation deal of the current financial year, the National Highways Authority of India (NHAI) will raise 9,270 crore, with the letter of award being issued to IRB Infrastructure last week for three highway stretches of total length of 333.4 km in Uttar Pradesh.
1 mins
November 20, 2025
Financial Express Lucknow
IBBI seeks stricter norms for bidder identity check
Higher duties cast on resolution professionals
2 mins
November 20, 2025
Financial Express Lucknow
Volkswagen cuts India EV costs, seeks local partner
Tighter carbon emission rules kick in from 2027
2 mins
November 20, 2025
Financial Express Lucknow
Adani's ₹14,535-crore bid for JAL gets lenders' nod
BUSINESS TYCOON GAUTAM Adani has won the approval of creditors of Jaiprakash Associates (JAL) for its ₹14,535-crore acquisition proposal for the bankrupt infrastructure group.
1 min
November 20, 2025
Financial Express Lucknow
Mizuho seeks aggressive India expansion
MIZUHO FINANCIAL GROUP is exploring ways to build up its business in India, where the Japanese bank sees the potential for replicating its achievements of advising and financing corporate clients in other markets, according to a top executive.
1 mins
November 20, 2025
Financial Express Lucknow
Chinese AI university tops Harvard, MIT in patent race
PRESIDENT XI JINPING AMONG TSINGHUA GRADUATES
3 mins
November 20, 2025
Financial Express Lucknow
SC strikes down key tribunals Act terms
IN A MAJOR jolt to the Centre, the Supreme Court on Wednesday struck down key provisions of the 2021 Tribunals Reforms law related to appointment, tenure,and service conditions of tribunal members and presiding officers, saying \"Parliament cannot simply override judicial decision by reenacting\" these with minor tweaks.
1 min
November 20, 2025
Financial Express Lucknow
Sensex tops 85,000 after over a year
Nifty ends above 26,000; investors gain ₹1.12 lakh cr
1 min
November 20, 2025
Financial Express Lucknow
Banks seek more leeway in acquisition financing
BANKS HAVE FLAGGED several restrictions in the Reserve Bank of India’s acquisition financing guidelines that they believe will limit their participation in the merger and acquisition (M&A) space.
1 min
November 20, 2025
Financial Express Lucknow
Sarvam.ai to launch India's first LLM by early next year
SARVAM.AI PLANS TO roll out India’s first homegrown foundational large language model (LLM) in the next couple of months, co-founder Vivek Raghavan said.
1 min
November 20, 2025
Listen
Translate
Change font size